IFC, a member of the World Bank Group, and the Association of Chartered Certified Accountants (ACCA) Ghana’s global professional accounting body, are promoting improved corporate governance practices in Ghana to help build more sustainable businesses and strengthen private sector growth.
As part of a series of planned activities that started last year and will continue for another three years, IFC and ACCA Ghana organised a workshop for Company Secretaries at the World Bank Group office to explain their role within the corporate governance framework.
The programme introduced participants to IFC s Corporate Secretary Toolkit, which helps practitioners understand their roles as governance professionals.
Norman Williams, ACCA Portfolio Head, East and West Africa, said: “ACCA is committed to helping institutions develop capacity to establish good corporate governance culture that will help them perform better, attract more capital and increase their profitability. We are working with IFC to help achieve our goal and support Ghanaian businesses”.
Chinyere Almona, Head, Africa Corporate Governance Advisory Program for IFC, said, IFC works with companies to help them adopt good corporate governance practices, which contribute to sustainable economic development. Partnering with ACCA will help us support companies to implement corporate governance practices, improve their productivity and contribute to economic development in Ghana s economy.
IFC Africa s Corporate Governance program aims to improve the performance of businesses by helping them adopt good corporate governance practices and standards that are adapted to regional priorities. Improved corporate governance helps businesses attract and retain investment, among other benefits.
The IFC Africa Corporate Governance program is funded by the State Secretariat for Economic Affairs (SECO), Switzerland.
SECO is Switzerland s competence center for all core issues relating to economic policy. SECO s economic development cooperation strives to achieve sustainable growth. Such growth is sustainable if it creates jobs, helps to increase productivity, to reduce poverty, inequalities and global risks.
While IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with more than 2,000 businesses worldwide, we use our capital, expertise, and influence, to create opportunity where it is needed most.
In FY15, our long-term investments in developing countries rose to nearly $18 billion, helping the private sector play an essential role in the global effort to end extreme poverty and boost shared prosperity.